Velodyne Lidar Advances Smart City
Industry
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced it
has joined the Qualcomm® Smart Cities Accelerator Program to
promote using lidar technology in smart city solutions. By becoming
part of the Qualcomm Smart Cities ecosystem, Velodyne will work
more closely with Qualcomm Technologies, Inc., governments and
solution developers to create smart city applications that improve
public services and enhance safety and quality of life.
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Smart city solutions can use Velodyne’s
lidar sensors to measure and monitor conditions in areas such as
vehicle traffic, pedestrian safety, parking space management, speed
measurement, V2X communications, queue and asset management,
security and more. (Photo: Velodyne Lidar, Inc.)
Smart city solutions can use Velodyne’s lidar sensors to measure
and monitor conditions in areas such as pedestrian safety, vehicle
traffic, parking space management, speed measurement, V2X
communications, queue and asset management, security and more. The
sensors can collect highly accurate, detailed 3D information about
people, vehicles, bicyclists, public spaces and more, while
preserving anonymity.
“We are pleased to welcome Velodyne Lidar to the Qualcomm Smart
Cities Accelerator Program to implement cutting-edge lidar
solutions for a transparent understanding of the smart
environment,” said Ashok Tipirneni, Director, Qualcomm
Technologies, Inc. and Head of Platform Product Management for
Smart Cities. “Velodyne’s lidar sensors and comprehensive 3D data
can help equip our Smart Campus and smart city ecosystem members
with enhanced safety measures and streamlined operations.”
Until recently, existing camera-based ITS traffic monitoring
technologies have been widely used to study traffic flow rates,
occupancy, average speed and spot speed. However, as alternative
sensors come onto the market, the weaknesses of camera-based
approaches become more apparent. For example, cameras have been
shown to suffer in low-light conditions, are prone to optical
illusions and do not allow for people’s privacy. Velodyne’s lidar
sensors provide robust 3D data that allows for superior object
detection and tracking in a wide variety of lighting and weather
conditions. Furthermore, Velodyne’s sensors do not recognize
people’s characteristics, such as their faces or the color of their
skin, making it an ideal sensor to support the needs of
municipalities without compromising their citizens’ privacy. With
Velodyne lidar, smart city applications can advance safety, social
welfare and operational efficiency.
As a real-time application demonstration of the significant
value that Velodyne’s lidar can bring to smart city applications,
Velodyne and Qualcomm Technologies plan to deploy a Velodyne sensor
on the Qualcomm Smart Campus. The lidar is intended to be placed
indoors to track people as they move around in a public space. The
data can help Qualcomm Technologies to detect traffic and usage
patterns so the company can better understand utilization rates and
make adjustments to facilities. Velodyne worked with Infinite
Computer Solutions and Seoul Robotics, an Automated with Velodyne
partner, to build the application.
“The combination of Velodyne’s lidar and Qualcomm Technologies
edge computing and 5G capabilities creates a powerful asset for
developers to make their smart city ideas a potent solution,” said
Jon Barad, Vice President of Business Development, Velodyne Lidar.
“Participating in the Qualcomm Smart Cities Accelerator Program
will help us connect with governments and solution providers to
build lidar-based smart city applications that transform city
infrastructure and services.”
Velodyne’s sensors provide rich computer perception data that
make it quick and easy for developers, cities, municipalities,
government agencies and enterprises to build highly accurate 3D
models of any environment. The sensors deliver a high-resolution
image that can accurately measure and analyze the environment.
Their durability, reliability, power-efficiency and versatility
make them ideal solutions for demanding smart city
applications.
About Velodyne Lidar
Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of
autonomous technology with the invention of real-time surround view
lidar sensors. Velodyne is the first public pure-play lidar company
and is known worldwide for its broad portfolio of breakthrough
lidar technologies. Velodyne’s revolutionary sensor and software
solutions provide flexibility, quality and performance to meet the
needs of a wide range of industries, including autonomous vehicles,
advanced driver assistance systems (ADAS), robotics, unmanned
aerial vehicles (UAV), smart cities and security. Through
continuous innovation, Velodyne strives to transform lives and
communities by advancing safer mobility for all. For more
information, visit www.velodynelidar.com.
Forward Looking Statements
This press release contains "forward looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995 including, without
limitation, all statements other than historical fact and include,
without limitation, statements regarding Velodyne’s target markets,
new products, development efforts, competition. When used in this
press release, the words “plans,” "estimates," "projected,"
"expects," "anticipates," "forecasts," "intends," "believes,"
"seeks," “can,” "may," “can,” "should," "future," "propose" and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
Velodyne's control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include Velodyne's ability to manage growth;
Velodyne's ability to execute its business plan; uncertainties
related to the ability of Velodyne's customers to commercialize
their products and the ultimate market acceptance of these
products; the uncertain impact of the COVID-19 pandemic on
Velodyne's and its customers' businesses; uncertainties related to
Velodyne's estimates of the size of the markets for its products;
the rate and degree of market acceptance of Velodyne's products;
the success of other competing lidar and sensor-related products
and services that exist or may become available; uncertainties
related to Velodyne's current litigation and potential litigation
involving Velodyne or the validity or enforceability of Velodyne's
intellectual property; and general economic and market conditions
impacting demand for Velodyne's products and services. Velodyne
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
Qualcomm is a trademark or registered trademark of Qualcomm
Incorporated.
Qualcomm Smart Cities Accelerator Program is a program of
Qualcomm Technologies, Inc. and/or its subsidiaries.
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version on businesswire.com: https://www.businesswire.com/news/home/20201221005093/en/
Investor Relations Andrew Hamer Chief Financial Officer
InvestorRelations@velodyne.com Media Landis Communications
Inc. Sean Dowdall (415) 286-7121 velodyne@landispr.com
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